Inceptionr LLC purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 24,644 shares of the company’s stock, valued at approximately $472,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HST. Empowered Funds LLC boosted its position in shares of Host Hotels & Resorts by 2.7% during the fourth quarter. Empowered Funds LLC now owns 20,218 shares of the company’s stock valued at $358,000 after buying an additional 537 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Host Hotels & Resorts by 1.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 33,581 shares of the company’s stock worth $595,000 after buying an additional 607 shares during the period. Huntington National Bank raised its holdings in shares of Host Hotels & Resorts by 12.3% in the fourth quarter. Huntington National Bank now owns 5,560 shares of the company’s stock worth $99,000 after buying an additional 609 shares during the period. SJS Investment Consulting Inc. lifted its stake in shares of Host Hotels & Resorts by 64.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,632 shares of the company’s stock worth $31,000 after acquiring an additional 641 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in shares of Host Hotels & Resorts by 2.2% during the 4th quarter. Wealthfront Advisers LLC now owns 29,829 shares of the company’s stock worth $529,000 after acquiring an additional 654 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.
Host Hotels & Resorts Stock Performance
HST opened at $24.50 on Monday. The company has a quick ratio of 7.91, a current ratio of 7.91 and a debt-to-equity ratio of 0.74. The stock’s fifty day moving average is $23.81 and its two-hundred day moving average is $21.13. The company has a market capitalization of $16.78 billion, a P/E ratio of 16.67, a PEG ratio of 2.76 and a beta of 1.09. Host Hotels & Resorts, Inc. has a 52 week low of $15.11 and a 52 week high of $25.41.
Host Hotels & Resorts Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.20 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.3%. Host Hotels & Resorts’s payout ratio is currently 54.42%.
Analyst Ratings Changes
HST has been the topic of several research analyst reports. UBS Group upped their price objective on Host Hotels & Resorts from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. LADENBURG THALM/SH SH lifted their target price on Host Hotels & Resorts from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Morgan Stanley boosted their target price on shares of Host Hotels & Resorts from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. BMO Capital Markets restated an “outperform” rating and issued a $27.00 price target on shares of Host Hotels & Resorts in a report on Friday, June 12th. Finally, Wells Fargo & Company raised their price target on shares of Host Hotels & Resorts from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.27.
Get Our Latest Stock Report on Host Hotels & Resorts
Insider Buying and Selling at Host Hotels & Resorts
In other news, EVP Nathan S. Tyrrell sold 15,569 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $23.00, for a total value of $358,087.00. Following the completion of the sale, the executive vice president owned 682,089 shares of the company’s stock, valued at approximately $15,688,047. This represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.
The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.
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